Displaying items by tag: Huaxin Cement Narayani

Nepal: Huaxin Cement Narayani has ignited the kiln at its 1Mt/yr Dhading cement plant in Bagmati. Construction of the project started in 2019 but it was delayed by flooding, disputes over land ownership and the emergence of the coronavirus pandemic. China-based Huaxin Cement originally signed an agreement with the Investment Board Nepal in 2018 to build the plant for US$140m.

Nepal: Huaxin Cement Narayani has completed construction of its 3000t/day Dhading cement plant in Bagmati and plans to commence production before November 2021. The Xinhua News Agency has reported that construction of plant, a joint venture of Vaidya’s Organisation of Industries and Trading Houses and China-based Huaxin Cement subsidiary Huaxin Central Asia Investment (Wuhan), started in early 2019 but was delayed by floods, disputes over land acquisition and the coronavirus pandemic. It is Nepal’s second cement plant backed by Chinese investors following the opening of Hongshi-Shivam Cement in 2018. In 2020, the country produced 7.49Mt of cement, towards serving a demand of 9.05Mt/yr nationally.